Chetapong Chiralerspong

Transcription

1 Financial Incentive Programs For Energy Efficiency in Thailand Chetapong Chiralerspong Senior Engineer Department of Alternative Energy Development and Efficiency Ministry of Energy, Thailand

2 Major causes of energy demand Economic growths Increasing populations x Expansion of urban area Infrastructure source: statistical_review_of_world_energy_full_report_2012, img.dailymail.co.uk/i/pix/2007/01/china_468x312.jpggt, 2

3 Energy Consumption in Thailand Energy consumption by economic sectors Res. & Com. Transport Agriculture Industry 36% 24% 5% 35% source: Energy Statistic Report 2011, DEDE 3

4 Soft Loan Program Tax Incentive Program Direct Subsidy for EE Investment Program 4 4

5 Soft Loan Program - Energy Efficiency Revolving Fund Ministry of Energy has established EE Revolving Fund: Promote Private Investment in RE/EE Projects Partnership of Government and Banking Sector For Energy Conservation

6 Barriers Limited access to funds Not a priority Banks were not interested Barriers / Concept Concept and Approach Stimulate Investment and Stimulate Interest among Banking Community Commercial Lending Simplified Procedures

7 Objectives Stimulate commercial investment for EE Improvement Familiarize commercial banks with EE lending market Bank Bank Bank RF Bank

8 Terms and Conditions 1 USD = 32 Bath Loan Period Eligible Borrowers Eligible Projects Loan Size from RF Interests charge to customers 7 years maximum Facilities Owners, ESCO and Project Developers EE improvement or RE development Up to 1.56 million USD / project ( 50 million Baht / project) Not more than 4%

9 Work Process MoE allocate budget for banks Banks lend to Client for EE Project Banks payback to MoE EE Project Implemented Clients Return Payment

10 11 Participating Banks 1. Bangkok Bank (BBL) 2. Bank of Ayudhya (BAY) 3. CIMB Thai (CIMB) 4. Thai Military Bank (TMB) 5. Siam City Bank (SCIB) 6. Siam Commercial Bank (SCB) 7. Thai Farmers Bank (TFB) 8. Exim Bank (Exim) 9. Krung Thai Bank (KTB) 10. SME Bank (SME) 11. UOB

11 EE Revolving Fund Project Achievement Support over 295 EE/RE projects Total investment around 220 million USD Energy savings of 80 million USD per year.

12 12 Tax Incentive Program 2 schemes are given; 1.Tax Incentive for EE products Cooperation program with Revenue Dept. 25% tax credit from purchasing of EE products 2.Tax Incentive for EE Investment Cooperation program with Board of Investment (BOI) Exemption of corporate income tax and import duties with max. of 8 years for EE equipment manufacturers

13 Tax Incentive for EE Products Incentive Condition Additional 25% of expense deduction for buying EE equipments Project Condition Corporations who buy EE equipments which are approved by Ministry of Energy can receive incentive directly from the Revenue Department

14 Tax Incentive for EE Products Ministry of Energy provides list of the approved EE equipments Corporation buys equipments that are on DEDE list Corporation submits the receipt of the equipment purchasing to Revenue Department Corporation receives tax incentive From Revenue Department

15 Incentive through Board of Investment ( BOI ) Exemption of import duties and cooperate tax on new investment in High efficiency equipment and renewable energy equipment manufacturing Incentive last for the maximum period of 8 years

16 Incentive through Board of Investment Project Achievement ( BOI ) 56 projects have been approved through BOI Total investment 40 million USD Estimated total savings of 11 million USD/year

17 Direct Subsidy for EE Investment Program 15 million USD allocated for subsidy of investment in 2 groups Standard measures : 11 proven energy saving measures Individual projects : Other measures / technologies 20% subsidy not more than 3 mill. Baht/facility & 7 yr. PB High eff. motor VSD Electronic Ballast Heat Pipe Heat Pump 17

18 Direct Subsidy for EE Investment Program Project Achievement 842 projects approved with; Total investment of 70 USD Energy saving of 28 mill. USD/year

19 Thank you for Your attention